Making a charitable gift of shares to Kent Community Foundation (KCF) is a highly tax effective way of supporting local causes close to your heart.
Gifts of shares benefit from tax relief in two ways:
• You can claim Income Tax relief on the value of the shares
• They are exempt from Capital Gains Tax i.e. you will not be taxed on any gain you have made on the value of your shares
All shares that are transferrable can be donated to a charity, but only publicly quoted shares qualify for tax relief. Publicly quoted shares include shares listed on the London Stock Exchange or Alternative Investment Market Shares (AIM). For a full list of qualifying stock exchanges, please visit the HMRC website.
The donation of shares is administered through a transfer of ownership of the shares and then sold to realise the value. KCF manages this through one of our investment houses who will handle the transfer and deal with the transfer of letters.
A gift of shares is also eligible for match funding opportunities – find out more about our current match funding schemes here.